Bitcoin news

U.S. spot bitcoin ETFs saw net outflows of $1.28 billion last week, their worst week since late June and the seventh-largest on record, according to The Block's analysis of SoSoValue data. The funds had outflows every day except Wednesday, with BlackRock's IBIT accounting for about 88% of Friday's $411.9 million in outflows. The week's losses erased the funds' year-to-date gains, turning them negative for 2026 at about $914 million in net outflows. Spot ether ETFs also extended their losing streak to six weeks with $365.3 million in outflows, bringing total losses to about $2.02 billion since late September. Solana ETFs and the three publicly traded Hyperliquid ETFs also posted their longest outflow streaks at five weeks, losing $26.3 million and $15.6 million respectively. Bitcoin traded near $75,880 on Saturday, with ether around $2,244, SOL near $89.84, and HYPE near $77.79.

Strategy (formerly MicroStrategy) CEO Phong Le presented the company's vision to become the world's Bitcoin bank at the Money20/20 fintech conference, revealing it now holds 845,000 BTC. Chairman Michael Saylor reiterated the goal, which he had already mentioned in September, urging banks to hold and lend against Bitcoin. Meanwhile, an on-chain researcher showed that Bitcoin's blockchain still fits on a single 1TB drive, currently at 780 GB, allowing ordinary users to run full nodes and verify the network independently. However, there is debate over growth rates: Bitcoin Knots developer Luke Dashjr cited a 16 GB/year cap, while the researcher disputed this, noting growth of roughly 85 GB/year in recent months. The discussion highlights a tension between Strategy's institutional banking ambitions and the community's desire for self-custody. The company's preferred stock with a 12% dividend has rebounded from its June low. The ongoing dispute over blockchain data size also reflects broader concerns, with some Knots supporters previously claiming the network was under attack. Despite Strategy's financial push, the ability for individuals to run their own nodes underscores the core Bitcoin principle of being your own bank.

Bitcoin's decentralization and security mechanisms position it to withstand regulatory pressures, according to cryptocurrency figure Mark Moss, amid recent market volatility and regulatory developments. The asset traded between $75,900 and $76,100 after dipping toward $75,000, while U.S. spot-Bitcoin ETFs saw withdrawals of approximately $1.28 billion in November. U.S. regulators have clarified Bitcoin's non-security status, which may influence market dynamics. Current pricing reflects cautious market sentiment, with low probabilities assigned to Bitcoin reaching higher price targets by year-end. Observers will monitor U.S. regulatory approaches, institutional participation following ETF withdrawals, and announcements from key figures or institutions, which could impact Bitcoin's price in the coming weeks.

Bank reserve balances at the Federal Reserve rose $67.5 billion between Oct. 28 and Nov. 4, while tracked dollar-pegged stablecoin circulation fell 1.91% (about 5.77 billion units) over the same period, according to Fed data and DefiLlama. Tether's USDT accounted for 63.37% of the contraction, while USDC contributed 6.64%. Bitcoin fell 5.54% on Nov. 5, closing at $75,969.06, after the reserve observation. The article notes the link between higher bank reserves and Bitcoin demand remains unproven, with the transmission into buying and financing not yet established. Neither liquidity signal resolves the cause of the selloff.

U.S. spot Bitcoin and Ether ETFs saw combined net outflows of $1.65 billion from Nov. 2-6, according to Farside Investors data. Bitcoin funds lost $1.28 billion, while Ether products saw $365.2 million in withdrawals. BlackRock's IBIT accounted for $1.21 billion of the Bitcoin outflows, including $403 million on Friday, despite Fidelity's FBTC posting $93.1 million in weekly inflows. The category's only positive session came on Wednesday. Ether ETFs recorded $345.9 million in net withdrawals for BlackRock's ETHA, though Fidelity's FETH attracted $15.3 million. The brief Wednesday recovery, with $74.6 million in Bitcoin inflows and $53 million in Ether inflows, failed to carry through as Friday saw combined outflows of $504.2 million. Industry observers cautioned against interpreting single positive sessions as a trend shift, noting institutional decisions still depend on liquidity, monetary policy, and unresolved U.S. custody rules. AMINA Bank's head of derivatives trading, Andreja Cobeljic, highlighted renewed Ether ETF buying as a key signal for institutional demand, distinguishing true subscriptions from futures arbitrage trades. Cumulative net inflows stand at approximately $55.77 billion for Bitcoin ETFs and $11.95 billion for Ether funds through Nov. 6.

Binance outlined how attackers stole $6.34 billion, blaming compromised employee devices and internal AI tools. The exchange said it covered customer losses, replenished 98% of affected token assets, and froze or intercepted about $2.85 billion. Bitcoin withdrawals resumed Nov. 1. U.S. spot Bitcoin ETFs saw $430.2 million in net withdrawals on Nov. 5, with Fidelity's FBTC and BlackRock's IBIT leading outflows. House Democrats discussed giving the SEC more oversight over crypto and reviving investor protections, but no legislation was adopted. A Labor Department rule on retirement-plan investments, including digital assets, entered White House review. tZERO proposed a SPAC merger with a $350 million pre-money valuation, and Circle reported $864.9 million in quarterly revenue. Zcash activated an upgrade cutting block times to 25 seconds.

US spot Bitcoin ETFs saw $412 million in net outflows on November 6, led by BlackRock's IBIT with about $403 million in redemptions, while Fidelity's FBTC gained $42.8 million. Ethereum spot ETFs also lost $93.19 million, following $100 million in outflows the prior day. This marked the second straight day of heavy redemptions, pushing year-to-date Bitcoin ETF net flows to roughly negative $502 million against $96.65 billion in assets. The outflows coincided with a tech stock selloff, Nasdaq declines, and cautious sentiment after US midterm elections, with Bitcoin trading near $75,000-$76,000. The FBTC inflow suggests lingering demand, while the IBIT concentration indicates the headline figure reflects decisions by holders of a single product.

Investors in BlackRock's iShares Bitcoin Trust (IBIT) redeemed approximately $403 million worth of Bitcoin on November 2, 2026, marking the fund's largest single-day outflow since June 26. The net outflow was $405.3 million, with released coins sold via Coinbase Prime. Across US spot Bitcoin ETFs, net outflows totaled about $398.6 million, as Fidelity's FBTC saw a modest $6.7 million inflow. This redemption extended a five-session outflow streak for IBIT exceeding $1 billion, coinciding with a tech stock selloff. Bitcoin traded between $76,000 and $80,000. Despite the outflows, IBIT remains the largest US spot Bitcoin ETF by assets and historical inflows. The selling, concentrated in IBIT while FBTC gained, may suggest investor reshuffling rather than a broad exit from Bitcoin.

The Bank of Russia has finalized the list of cryptoassets accessible to non-qualified investors, allowing exchanges to list Bitcoin, Ethereum, and USDT for public trading starting November 17, 2026. Non-qualified investors face a 300,000-ruble annual purchase cap per intermediary and must undergo testing before transactions. Qualified investors can trade any cryptoasset without these restrictions, though testing and risk acknowledgment still apply. Moscow Exchange plans to launch digital currency trading on December 1, 2026, with initial instruments being Bitcoin, Ethereum, and USDT. The exchange will use its stock-market technology and include transactions in National Clearing Centre clearing, with pilot trades first and gradual participant onboarding. The directive's effective date and the exchange's rollout are separate timelines.

Bitcoin investors realized over $2 billion in losses in three days as selling pressure intensified on major exchanges, with a strong US jobs report fueling expectations of another Federal Reserve rate hike. Bitcoin briefly fell below $75,000 on Friday amid a tech stock selloff, and analysts warn that losing support at $75,000 could push the price toward $70,000. On-chain data shows aggressive selling has overtaken buying on Binance and Coinbase, while declining demand and shrinking stablecoin liquidity add to the pressure. The US added 165,000 jobs in October, more than double expectations, raising the probability of a December rate hike to about 80% and lifting Treasury yields.